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WordReference Random House Unabridged Dictionary of American English © 2024re•ces•sion•ar•y (ri sesh′ə ner′ē),USA pronunciation adj. - Economics, Businessof, pertaining to, or causing recession, esp. economic recession:recessionary market pressures.
WordReference Random House Learner's Dictionary of American English © 2024re•ces•sion1 /rɪˈsɛʃən/USA pronunciation n. - a period of economic decline when production, employment, and earnings fall below normal levels or lag behind normal growth: [countable]The country was in a recession.[uncountable]fighting recession.
- the act of receding or withdrawing:[uncountable]the recession of the floodwaters.
- [countable] a withdrawing procession, as at the end of a religious service.
re•ces•sion•ar•y, adj. See -cess-. WordReference Random House Unabridged Dictionary of American English © 2024re•ces•sion1 (ri sesh′ən),USA pronunciation n. - the act of receding or withdrawing.
- a receding part of a wall, building, etc.
- a withdrawing procession, as at the end of a religious service.
- Economics, Businessa period of an economic contraction, sometimes limited in scope or duration. Cf. depression (def. 7).
- Latin recessiōn- (stem of recessiō). See recess, -ion
- 1640–50
- a return of ownership to a former possessor.
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